Ron Burgundy Posted January 30, 2014 Share Posted January 30, 2014 Facebook Inc's shares rose as much as 17 percent to a life-high after the company's resounding revenue growth underscored CEO Mark Zuckerberg's success in selling ad space on the social network's mobile app. At least 32 brokerages raised their price targets on Facebook's shares, which touched a high of $62.50 in midday trading on Thursday. If the gains hold to close, this would be the largest single-day rise in Facebook's stock since July 2013. Facebook's fourth-quarter revenue rose to $2.585 billion from $1.585 billion in the year-ago period, beating analysts' average expectation of $2.33 billion. View the full article Quote Link to comment Share on other sites More sharing options...
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